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💹 Economy / Policy
- Gold import spike widens deficit 📉: India’s gold imports surged 200%, pushing the trade deficit to $41.68 bn as festive demand lifted bullion inflows.
- Self-employment dominates workforce 📊: New labour data shows a major shift toward self-employment, signalling structural changes in job patterns and income stability.
- RBI relief for exporters 🏦: RBI announced support measures to offset US tariff pressure, including extending the export realisation period to 15 months from 9 months.
🏭 Companies / Industry
- YouTube creator economy fuels GDP 💰: YouTube’s creative ecosystem contributed ₹16,000+ crore to India’s GDP in 2024, strengthening the digital economy and monetisation landscape.
- UP to add 75,000 food units 🍽️: Uttar Pradesh govt to set up 75,000 new food processing units, boosting MSMEs, rural jobs and agribusiness expansion.
🛃 Trade / Policy Deals
- India–US trade deal close 📈: First tranche of the Indo-US trade pact nearing finalisation, with focus on tariff easing and export alignment for high-growth sectors.
- India signs first US LPG deal 🔥: India finalised its first long-term LPG import contract with the US for 2.2 million tonnes, enhancing energy security.
🌍 Global / Commodities
- Gold imports hit record 💵: India’s October gold imports tripled to $14.7 bn, driven by festive buying and price expectations.
